Interest Rate on Wrongly Availed Input Tax Credit Reduced from 24% to 18% under CGST Act, Effective July 1, 2017. https://www.taxtmi.com/highlights?id=62716 Rate of interest u/s 50(3) of the CGST Act, 2017 - where ITC has been availed and utilized wrongly reduced from 24% to 18% w.e.f. 1.7.2017 - Notification as amended vide Finance Act, 2022 en-us Thu, 31 Mar 2022 16:56:05 +0530 Thu, 31 Mar 2022 16:56:05 +0530 TaxTMI RSS Generator Interest Rate on Wrongly Availed Input Tax Credit Reduced from 24% to 18% under CGST Act, Effective July 1, 2017. https://www.taxtmi.com/highlights?id=62716 Rate of interest u/s 50(3) of the CGST Act, 2017 - where ITC has been availed and utilized wrongly reduced from 24% to 18% w.e.f. 1.7.2017 - Notification as amended vide Finance Act, 2022 Highlights GST Thu, 31 Mar 2022 16:56:05 +0530 https://www.taxtmi.com/highlights?id=62716